Binary trading, including binary betting and binary options, is gaining a lot of popularity around the world and is fast becoming the most popular financial trading instrument in the United States. The reason why binary trading gained so much fame in such a short time is that it offers a lot of flexibility to its customers. The best features of binary trading are that they can be traded against different types of assets. Hence, conventional stock trading clients are now moving towards binary betting due to the flexibility of the trading platform. If you want to know binary trading about please read this article.
Binary trading traders are given the opportunity to diversify their portfolio by investing not only in stocks. But at the same time they can place their bets on the money market, indices and commodities such as gold, oil etc. Thus, a binary options trader can make profitable profits from many options at the same time by gaining exposure to different markets, and gaining experience to invest in different markets by entering only one.
Moreover, the time period of binary trades is usually small, so clients can switch to their preferred options according to their requirements, and their desired returns and feasible methods. Thus, binary betting does not build strict limits for its customers to follow, but instead provides them with the much-desired happiness, even as it provides them with profits. The four different types of markets where binary betting can be used are discussed below:
1. Currency market: The currency market or FOREX is where binary bets and binary options can be placed against currencies. Trades are placed on price movements (up, down, stagnation) in different currencies. Binary bets/options on currency markets can be weekly as well as spot. Some weekly and spot options made available to clients include GBP/USD, EUR/USD, USD/JPY, USD/CAD, AUD/USD etc.
2. wares: Binary Bets / Binary Options can also be placed against the official termination point of the relevant futures contract for a particular commodity in the nearest liquid month. This repayment is done on a daily basis. Commodities against which binary bets can be placed are light crude oil, gold and silver.
3. indicator: Binary bets or options can also be placed on the future direction of major indices Bets are placed against the movement of the index away from or towards a certain index level at the time of the market close.
4. Stocks and shares: Binary bets and or options can also be placed against stocks and shares of different companies. Trades are again placed on the future direction of a stock or individual stock.
Apart from these options, some special options are also available for customers to place their trades / bets against the FTSE, Germany 30 and Wall Street indices. The nature of these bets is short-term, that is, the time varies from 5 to 20 minutes.
Thus, it can be seen that the options available to binary traders are numerous. Thus, it is up to the trader to make rewarding profits from the available choices wisely.